Manual, periodic, and reactive Know Your Customer (KYC) approaches leave institutions vulnerable to evolving financial crime risks while driving up compliance costs and degrading the customer experience. Many institutions operate fragmented technology ecosystems, with multiple modules handling functions separately, such as identity verification, transaction monitoring, and customer screening.
The surge in financial crime sophistication requires more responsive monitoring approaches. Harnessing advanced technologies like behavioral analytics, dynamic risk scoring, and intelligent automation can support more ongoing and informed KYC strategies and enterprise risk recognition. This report examines the current perpetual KYC (pKYC) ecosystem, including major market dynamics as well as the pKYC capabilities of solution providers that can help financial institutions navigate this complex endeavor. This report profiles Alloy, Eastnets, Emcompass, Feedzai, Fenergo, Moody’s, Nasdaq Verifin, NICE Actimize, Oracle, Owlin, smartKYC, and SymphonyAI.
Clients of Datos Insights’ Fraud & AML service can download this report.
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